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159969
Thu, 02/10/2011 - 11:28
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http://m.oananews.org//node/159969
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Toyota to launch car production in Vladivostok in 2012-Nikkei
TOKYO, February 10 (Itar-Tass) - The Toyota Company, in conjunction with Mitsui and Sollers, will launch the production of cars in Vladivostok in 2012, Japan's leading business daily Nikkei reported on Thursday.
The joint-venture company, under the project of which Toyota will
deliver car components and technologies, is planning annually to assemble up to 30,000 cars -- one of off-road vehicle models -- at a car factory in Vladivostok. The participants in the joint venture, the paper points out, will discuss details of production and the shares of financial participation later this month.
At the first stage, it is planned to make use of the Sollers
production capacities. Toyota will supply components for the assembly of cars while the Mitsui trading and investment company will arrange the delivery of the output by rail to other regions of the Russian Federation (RF).
Toyota, Nikkei emphasizes, will become the first Japanese motor
company to turn out its output in the Far East of the RF. A decision by the leader of the national and world automobile industry to joint the project was made with due regard for Russian government programmes being implemented in development of the region and for the promising nature of Russia's automobile industry as a whole.
In the current fiscal year ending on March 31, Toyota is forecasting a big growth of profit resultant of an increase in car sales inside the country and abroad, including those in the RF. The company managers point out that the increase in car sales in Japan, on the Asian market and in Russia in recent months was the result of measures taken to cut spending.
Considering this, Toyota executives expect that the overall net profit of all enterprises of the Group in the 2010 fiscal year will amount to 490,000 million yen ($6,000 million).
The joint-venture company, under the project of which Toyota will
deliver car components and technologies, is planning annually to assemble up to 30,000 cars -- one of off-road vehicle models -- at a car factory in Vladivostok. The participants in the joint venture, the paper points out, will discuss details of production and the shares of financial participation later this month.
At the first stage, it is planned to make use of the Sollers
production capacities. Toyota will supply components for the assembly of cars while the Mitsui trading and investment company will arrange the delivery of the output by rail to other regions of the Russian Federation (RF).
Toyota, Nikkei emphasizes, will become the first Japanese motor
company to turn out its output in the Far East of the RF. A decision by the leader of the national and world automobile industry to joint the project was made with due regard for Russian government programmes being implemented in development of the region and for the promising nature of Russia's automobile industry as a whole.
In the current fiscal year ending on March 31, Toyota is forecasting a big growth of profit resultant of an increase in car sales inside the country and abroad, including those in the RF. The company managers point out that the increase in car sales in Japan, on the Asian market and in Russia in recent months was the result of measures taken to cut spending.
Considering this, Toyota executives expect that the overall net profit of all enterprises of the Group in the 2010 fiscal year will amount to 490,000 million yen ($6,000 million).
